NZD/CAD Short with 7.0 R/R - rejection of bearish Orderblock EQ

Dear Traders all around the world! If you like my work, leave a like & hit that follow button!

Current leg-up on NZDCAD could lead to a retracement on the 4D-weekly chart.

A 2016 Nov' trendline matching with EQ of our bearish OB, 4D-RSI approaching trendline-resistance and overall price trading at OTE gives confluence here.
4D candle just closed below EQ and trendline, wich indicates lack of strength here.

تعليق:

Quick update: 366 pips profit